QUOTE(plumberly @ Aug 20 2015, 04:40 PM)
Reply from ASNB:
The disclosure concerned relates to the accounting standard practised by the fixed price funds.
As all the fixed price funds are under the purview of the Securities Commission (“SC”), any major changes to the features of the funds are subject to review and approval of the SC and the Trustee, namely AmanahRaya Trustees Berhad.
It is the duty of the ASNB to notify unit holders whether individually or through public notices if there is any requirement for the fixed price funds to be converted to variable price funds.
As the fixed price funds are of national interest, a public notice shall be served if there is such occurrence of a conversion.
So they will notify the public if there is a change.
Reading in between the lines (the last sentence), I don't think this time they will change it to VP. Ha.
Looks like same reply as when I askedthe counter earlier - they said, wait for ann'ts. The disclosure concerned relates to the accounting standard practised by the fixed price funds.
As all the fixed price funds are under the purview of the Securities Commission (“SC”), any major changes to the features of the funds are subject to review and approval of the SC and the Trustee, namely AmanahRaya Trustees Berhad.
It is the duty of the ASNB to notify unit holders whether individually or through public notices if there is any requirement for the fixed price funds to be converted to variable price funds.
As the fixed price funds are of national interest, a public notice shall be served if there is such occurrence of a conversion.
So they will notify the public if there is a change.
Reading in between the lines (the last sentence), I don't think this time they will change it to VP. Ha.
Aug 20 2015, 04:38 PM

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